The $1Billion should go to the Filipino Overseas Foreign Workers’ Need and not to the IMF’s economic recovery plan

On behalf of my people, I, as a Filipino expatriate condemn to the highest possible degree the madness and idiocy of the Aquino regime in its stupid and preposterous act of lending U$1Billion dollars to the International Monetary Fund (IMF) while ironically it is so blind and stingy when it comes to the need and welfare of the Filipino overseas contract workers all over the world.
The whole episode is so absurd, to say the least.

It is but just and logical that the said money should be use and utilized for the need and welfare of those Filipinos working abroad by virtue of the inescapable fact that a big chuck of the dollar reserve of the country comes from the remittances sent regularly and religiously by the millions of overseas Filipino workers who are spread across the world in over 190 countries.
Supposedly, the said amount is a big help for the government to continue in its operations of ten (10) embassies and consulates which this heartless regime intends to close. Needless to state, the continued operations of these institutions is so important and vital, so that, at least those Filipinos in distress abroad have a refuge and a haven to run to, in the event that they’ve encountered mishap and unfortunate circumstance in a foreign soil.

If the Philippine will close those embassies and consulates, where the hell those Filipino workers abroad will go for help and assistance?

Further, a big portion of this amount of money would be a big help in the process of repatriating and sending home those OFW’s stranded in Bahrain, Syria, Kuwait, Malaysia and Saudi Arabia by virtue of the fact that they do not have means nor ticket to go home.

Furthermore, instead of lending this money, it would be better and more appropriate to rather use the said fund for purposes of reintegrating and rehabilitating those OFW’s who were victims of abuse, caught in the war-zone, conflict areas, human trafficking and other various forms of human rights violations.

Needless to state, said amount of money is a huge capital investment to improve and develop the economy of the country, so that, professionals like me would not be force to leave the country and work in a foreign land.

I cannot help but wonder that, the Philippines do have this big amount of dollar reserve, yet instead of using it for the benefit first of its people, why the hell are we going to lend this money to the IMF?

If the Philippines’ dollar reserve is now accumulating, why on earth are we now going to let go of the said reserves? What is the purpose of this? What is the end-results of this transaction?
I am not against the government lending and helping other countries, yet, for everything, there is the proper and right time.

It is my firm contention that giving and/or lending this amount to IMF at this time is inappropriate and highly irregular.

The bases of my fierce opposition to this questionable transaction are the following:

a. Why the hell the IMF is the one who is deciding and dictating to my government, who should be help and who should not be help? Who the hell are they in the first place? We are an independent and sovereign republic!
b. In my view, the IMF will undeniably utilize this fund or amount to further drown those countries already embroiled into financial turmoil; countries such as Greece, Turkey and Spain.
c. Another crucial central issue here as reported by one site is the pertinent question of: “How can Malacanang justify the loan as helping the Europeans when the supposed beneficiaries have rejected the IMF bailout and its conditionalities? By protests and through the polls, the workers and people of Greece, Spain, Portugal, Ireland, Italy and France have all rejected IMF austerity?”
d. I smell something fishy and dirty here, if the said IMF bailout is already rejected, the countries subject of the said help; then why the hell the said transaction is still being push through?
e. Why the hell, a poor, third world country, like the Philippines should shoulder the problem of these big European nations? Where the hell is the European Union (EU) on this? Where’s the World Bank (WB)? Where is the United States of America (USA)?
f. It is ironic that, given the rising numbers of the unemployed Filipino youths and the large number of the Filipino professionals working abroad, it is so disgusting and irritating for the Aquino regime to squander this fund which is the money of the Filipino people. This is the irony of all ironies…
g. The unreasonable act of the said regime borders on both ignorance and arrogance. Ignorance to the sad plight of the Filipino people and arrogance in the eyes on those Filipino expatriates like me, who works here abroad, so far away from my land and my loved-ones. Shame on his government! Disgrace to his anti-Filipino regime!
h. It seems to me, that the Aquino regime is showing its true color and class origin; instead of helping the poor people, the workers, the farmers, the out-of-school youths, the OFW’s and other downtrodden masses, this moron decided to help the IMF to ‘help’ those European countries sunk into financial crisis. This is the height of injustice and infamy!
Hence, I reiterate my condemnation to the inhumane, idiotic and immoral act of the Aquino regime of lending the IMF in the amount of 1$Billion at the expense and detrimental of the needs, rights and welfare of the whole Filipino people!

All the Filipinos must unite to stop this transaction!

The said money must go to the Filipino people, not to the IMF!

Jose Mario Dolor De Vega

June 29, 2012
Subang Jaya, Darul Ehsan,
Selangor, Malaysia

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